Find the Solution or Solutions, If Any Exist, to the System

question 64

Multiple Choice

Find the solution or solutions, if any exist, to the system.
-A man has $\$ 298,000$ invested in three rental properties. One property earns $8.5 \%$ per year on the investment, a second earns $11 \%$ , and the third earns $7 \%$ . The annual earnings from the the properties total $\$ 17,000$ . Write a system of two equations to represent the problem with $\mathrm { x } , \mathrm { y }$ , and $\mathrm { z }$ representing the $8.5 \% , 11 \%$ , and $7 \%$ investments, respectively.

• A) \(\left\{ \begin{array} { l } x + y + z = 17,000 \\ 0.085 x + 0.11 y + 0.07 z = 298,000 \end{array} \right.\)
• B) \(\left\{ \begin{array} { l } x + y + z = 298,000 \\ 0.085 x + 0.07 y + 0.11 z = 17,000 \end{array} \right.\)
• C) \(\left\{ \begin{array} { l } x + y + z = 298,000 \\ 0.11 x + 0.085 y + 0.07 z = 17,000 \end{array} \right.\)
• D) \(\left\{ \begin{array} { l } x + y + z = 298,000 \\ 0.085 x + 0.11 y + 0.07 z = 17,000 \end{array} \right.\)

Calculate ending balances in the Raw Materials and Work in Process accounts, considering transactions recorded.

Understand and apply the principles of standard costing in manufacturing.

Calculate and analyze direct materials variances.

Calculate and analyze direct labor variances.

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